China's Meitu sets up regional HQ in S'pore

Singapore

STEP aside, Xiaomi and Huawei. Budding Chinese smartphone maker Meitu, too, has set its sights on Singapore and South-east Asia (SEA), having recently set up Meitu Mobile - a joint venture between Xiamen-based startup Meitu Technology and Taiwan's electronics manufacturing firm Foxconn - in Singapore, The Business Times has learnt.

Meitu Mobile will serve as the regional headquarters for the sales, strategic planning and future R&D for Meitu smartphones, said Cai Wensheng, Meitu chairman and one of China's top angel investors.